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The Future of Downtown San Diego Real Estate
Selection of condos available for sale in Downtown San Diego will continue to be tight. As of May 2019 about 3% of the total condo market is up for sale (roughly 340 for sale out of 10,750 total condos). One new high rise condo was completed in 2018 (Pacific Gate) and another new tower (Savina) will be completed in summer of this year. The next new condo building will be completed some time after 2022, as it has not started yet.
For sale inventory will begin to shrink as we get into the fall of 2019 as buyers run out of brand new condos to buy and current downtown owners will have resold their current condos as they move into the new building. The commercial development of the western waterfront will make the condos in the Columbia neighborhood more desirable. The California Association of Realtors is projecting average prices in the State to increase 3.1% in 2019, following a roughly 7.0 % increase in 2018. So much slower appreciation rates coming, usually if GDP is growing, prices are increasing. Downtown average prices were up only about 1% in 2018, hard to predict 2019, so many outside forces at play which can influence demand, but one thing is for sure, no more new inventory getting added after this year for several years.
Mortgage rates are trending up and the nations economy (GDP) and stock market are also trending up although erratically. Time will tell if the improving economy can create more housing demand than the rising interest rates can slow down.
Popular San Diego Neighborhoods
Newest Downtown San Diego Condos for Sale
Cortez Hill is like living in the suburbs, wide streets with great sense of community; a gem in downtown 92101. No traffic, no nuisance and only 6 min walk distance to Li...
- 2 Beds
- 2 Baths
- 190033852 MLS
- Park View Bldg.
- ACTIVE Status
This bright & beautiful 1 bedroom is in the heart of the Gaslamp District of Downtown San Diego. Property features hardwood floors, granite counter-top, a walk-in closet,...
- 1 Beds
- 1 Baths
- 190033778 MLS
- Gaslamp City Square Bldg.
- ACTIVE Status
Stunning new contemporary 2 Bed/2 Bath at Pacific Gate. Spacious, light-filled 8th floor unit with beautiful water & city views. Luxury resort-style amenities including c...
- 2 Beds
- 2 Baths
- 190033768 MLS
- Pacific Gate Bldg.
- ACTIVE Status
In a very secure building w/underground parking. Located in the desirable Marina District inside Columbia Place. Unit is highly upgraded: brand new waterproof laminated ...
- 2 Beds
- 2 Baths
- 190033713 MLS
- Columbia Place Bldg.
- ACTIVE Status
Steps from Petco Stadium, enjoy great natural light from this 12th floor south facing unit. Located in the highly sought after community, The Mark. This contemporary 1BR/...
- 1 Beds
- 1 Baths
- 190033621 MLS
- The Mark Bldg.
- ACTIVE Status
Don't miss your chance to live in the heart of the vibrant Gaslamp! This location provides everything Downtown has to offer including restaurants, bars, convention center...
- 1 Baths
- 190033508 MLS
- Gaslamp City Square Bldg.
- ACTIVE Status
Spectacular large living space in this designer-painted two-bedroom, two-bath condo, just steps away from Little Italy. The living room balcony is sure to become that fav...
- 2 Beds
- 2 Baths
- 190033474 MLS
- Treo Bldg.
- ACTIVE Status
MUST SEE MOVE-In-READY unit in the heart of Little Italy. This unit has one of the largest one bedroom units in the entire complex! Unit has plenty of natural light and u...
- 1 Beds
- 1 Baths
- OC19143434 MLS
- ACTIVE Status
Welcome to this spectacular Penthouse level residence in the heart of San Diego’s Gaslamp Quarter. This light-filled home has a excellent layout. Enjoy panoramic city, ba...
- 2 Beds
- 2 Baths
- 190033467 MLS
- Trellis Bldg.
- ACTIVE Status
Remodeled, west-facing fourth floor condo in the exclusive mid-rise building of La Vita. View from balcony! Kitchen upgrades include brand new quartz countertop, custom b...
- 1 Beds
- 1 Baths
- 190033434 MLS
- La Vita Bldg.
- ACTIVE Status
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS®,
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